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speaker boehner feels burned. he thought he had a deal with the president. and he thinks the president walked away from it. the president gives up higher taxes on the rich. republicans give up something on the short-term and more on the long-term. that is going to be the dance and the stakes are great. >> he did get re-elected on this and he has been clear on this issue. this was a major thing that he ran on. yes, and he said if he got a bill that did not include the end of tax hikes for the wealthy, he would veto it. you know the pressure i think is on all of them but let's remember the pressure for the president. one of the things that is difficult about a coalition that puts you in office is every part of the coalition wants to protect something. they think they helped put this guy back in office. you hear folks on the left saying do not touch social security or medicare. and there is pressure on the side of him that said in his speech last night i'm going to work and we are going to get this done. the pressure on the president is more so than on republic
speaker boehner feels burned. he thought he had a deal with the president. and he thinks the president walked away from it. the president gives up higher taxes on the rich. republicans give up something on the short-term and more on the long-term. that is going to be the dance and the stakes are great. >> he did get re-elected on this and he has been clear on this issue. this was a major thing that he ran on. yes, and he said if he got a bill that did not include the end of tax hikes for...
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Nov 8, 2012
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>> this the challenge that boehner faces. that's why it's so interesting to hear him change his tone. i do think there was -- if you look at the election, you can see from the poll returns that the president has got some momentum. that at least the people agree with what he wants to do in terms of tax reform. he will likely, i'm sure, not only reach out across the aisle but reach out to americans. that's something he's always done, going across the country and jimmying up support for what he sees should happen in terms of these big ticket deals. i think both of these men, boehner, all these men, reid, who are in control are looking at their legacies. they want to get something done. they look at these polls which show that the american people do not hold congress in high regard. they would like to reverse that. they want to have something on their records that speaks to big things. this is a big country. we do big things. we are big ideas centered, and i think that's what they're going to have in mind when they go and look at
>> this the challenge that boehner faces. that's why it's so interesting to hear him change his tone. i do think there was -- if you look at the election, you can see from the poll returns that the president has got some momentum. that at least the people agree with what he wants to do in terms of tax reform. he will likely, i'm sure, not only reach out across the aisle but reach out to americans. that's something he's always done, going across the country and jimmying up support for what...
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Nov 8, 2012
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boehner is going to do. later on in the show, california's prop 30 passes to raise taxes on the wealthy. really? do they never learn that this will only backfire? former san francisco mayor willie brown is up next. i just want to know why we have to kill the california economy. because free market capitalism is always the best path to prosperity. i'm larry kudlow. we'll be right back. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishar
boehner is going to do. later on in the show, california's prop 30 passes to raise taxes on the wealthy. really? do they never learn that this will only backfire? former san francisco mayor willie brown is up next. i just want to know why we have to kill the california economy. because free market capitalism is always the best path to prosperity. i'm larry kudlow. we'll be right back. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a...
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>> and you're coming out of an election -- boehner had revenue on the table before. he said he had revenue. that's not a big deal. and you can do it this time while -- yeah. i haven't slept in two days. the point is you can do it on the top line and force negotiations. >> what i was going to say, with romney you can -- romney was out there saying, i do want to get rid of these loopholes. so that's on the table. that's a republican plan right now. you can lower the top line rates, eliminate the loopholes, and raise a bunch of money. everyone can get along. there's a space here to do it. >> anxious to see the role paul ryan is going to play. republican hand wringing. this sandy business, they've got to stop. is it getting a little absurd? >> they have to think over things. you have two warring camps. mcdonnell was confrontational. people are lining up behind him. what they lack is a leader, a leader who can step up. jeb bush might be able to do it, but there is no leader that can unite these camps. >> democrats, 1988. shameless plug. you first? >> my brother and his wi
>> and you're coming out of an election -- boehner had revenue on the table before. he said he had revenue. that's not a big deal. and you can do it this time while -- yeah. i haven't slept in two days. the point is you can do it on the top line and force negotiations. >> what i was going to say, with romney you can -- romney was out there saying, i do want to get rid of these loopholes. so that's on the table. that's a republican plan right now. you can lower the top line rates,...
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however boehner rejected any new tax that specifically target the rich. after senator john mccain lost the 2008 presidential race much of the republican spotlight landed on his vice presidential pick sarah palin. now our observers are wondering if the same thing will happen to mitt romney's running mate paul ryan. chip reid is in jamesville, wisconsin for us with that story. chip, good morning. >> reporter: good morning, norah. paul ryan is spending some down time with his family here in his home town of jamesville, wisconsin before heading back to washington and, yes, he'll be heading back to washington because while he lost the vice presidential bid he was overwhelmingly re-elected by the people of this district to his seat in congress and now just two days after election day talking political circles is turning to paul ryan's political future. for mitt romney losing the presidential campaign likely means the end of the political road. but for paul ryan defeat could lead to a new beginning. >> i don't know if he covered himself with glory but i think he
however boehner rejected any new tax that specifically target the rich. after senator john mccain lost the 2008 presidential race much of the republican spotlight landed on his vice presidential pick sarah palin. now our observers are wondering if the same thing will happen to mitt romney's running mate paul ryan. chip reid is in jamesville, wisconsin for us with that story. chip, good morning. >> reporter: good morning, norah. paul ryan is spending some down time with his family here in...
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that's what john boehner said we need to see. in reform you get more revenue, but not necessarily by taxing the people who could create the revenue and the jobs. >> austan, before he answers, i'm going to interrupt you. i'll let you answer on the other side. >> 350,000 jobless claims last week, drop from 8,000 claims from the week before and i'm going to go out on a limb and say hurricane sandy, this is the first number we've seen superstorm sandy mess up. we're going to start to see -- if you were hunkered down waiting for a hurricane you weren't necessarily going out to file first time unemployment benefits, were you? from here on out that's a good question for austan, too. we'll start to see a lot of noise in the economic reports as we try to figure out if the economy is healing because of sandy. >> first back to the tax reform question. can you answer that? >> therein lies the rub of the statement yesterday. if by raising revenue through tax reform meant let's go in and figure out how we broaden the base and get rid of deduct
that's what john boehner said we need to see. in reform you get more revenue, but not necessarily by taxing the people who could create the revenue and the jobs. >> austan, before he answers, i'm going to interrupt you. i'll let you answer on the other side. >> 350,000 jobless claims last week, drop from 8,000 claims from the week before and i'm going to go out on a limb and say hurricane sandy, this is the first number we've seen superstorm sandy mess up. we're going to start to...
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what was boehner saying? does the white house have a mandate? are the next six weeks, eight weeks going to be about watching political posturing, trying to trade off of that? >> unfortunately. grover norquist in my class in college and he was an outlier then and he's not now. everyone's shifted so far to the right in politics. even the left, you can argue the democrats shifted because they can't spend like they used to. if he is in charge of the party, i think there's a fiscal cliff avoid answer. i don't know if he is. >> were you encouraged by what was said yesterday? hard to tell. early days. >> everybody's been encouraged is fooled. fool me once. i think that the proof will be real change within the hard right tea party of the republican party. because, i mean, look. i think that obama, whether you like him or not, obama said you raise revenue. have a talk. boehner did mention raising revenues but does he have people in the tea party wing this agrees with him? i don't know. what do you think? >> i don't know. i mean, in the meantime, speaking
what was boehner saying? does the white house have a mandate? are the next six weeks, eight weeks going to be about watching political posturing, trying to trade off of that? >> unfortunately. grover norquist in my class in college and he was an outlier then and he's not now. everyone's shifted so far to the right in politics. even the left, you can argue the democrats shifted because they can't spend like they used to. if he is in charge of the party, i think there's a fiscal cliff avoid...
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Nov 8, 2012
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john boehner came out and spoke. i heard a lobbyist saying the american people don't have patience, we have to get this done right a way to a very senior democratic leader of the senate and that seems to be case. we'll talk about that and why the president so far has been silent on that issue. plus tonight wolf and kate ann stevens will receive an award for her brother the common ground award from the secretary of state. she also met with the president today a and his national security adviser. ann stevens will be our guest tonight in her first u.s. television interview. >> the sister of the slain u.s. ambassador libya. good idea. i'm looking forward to that. thanks, erin. thieves carry out a dramatic heist rolling up to a jewelry store inside a london mall. get this on motor bikes and it's all caught on tape. dad vo: ok, time for bed, kiddo. lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] a europea
john boehner came out and spoke. i heard a lobbyist saying the american people don't have patience, we have to get this done right a way to a very senior democratic leader of the senate and that seems to be case. we'll talk about that and why the president so far has been silent on that issue. plus tonight wolf and kate ann stevens will receive an award for her brother the common ground award from the secretary of state. she also met with the president today a and his national security adviser....
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the congress is still split with speaker boehner controlling the house. majority leader harry reid running the senate. ed henry covers the white house for us. what do we know about how the president celebrated? >> well, shep, can i tell new talking to his senior aides they are elated about the electoral college and they feel that the president does have a mandate now to move forward. he was sort of keeping a profile. he was in chicago, he and his family got together to come back here to washington. just arrived at the white house a few moments ago. all smiles, of course. he also made a quick stop at his campaign office today to thank supporters and staffers and whatnot. they realize they can't spend so too much time celebrating. his aides say they have to get to work. that's what the president talked about last night in terms of a second term agenda. take a listen. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together, reducing other diversify silt. reforming our tax code fixing
the congress is still split with speaker boehner controlling the house. majority leader harry reid running the senate. ed henry covers the white house for us. what do we know about how the president celebrated? >> well, shep, can i tell new talking to his senior aides they are elated about the electoral college and they feel that the president does have a mandate now to move forward. he was sort of keeping a profile. he was in chicago, he and his family got together to come back here to...
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remember this morning john boehner came out and he said some fairly friendly things regarding negotiating the fiscal cliff. if the democrats say some of those things, too, this market is in a position now where it needs to be convinced by lawmakers that there's nothing to fear. they're far from that right now. that could happen. i just don't think it is going to any time in the next couple weeks. that's why i think 2.5 seems reasonable target. >> jim, thank you. jim iourio. >>> to a "market flash." bertha coombs joins us. >> one of the major loelders in krispy kreme has been selling off quite a bit of his stake. the largest holder in krispy kreme with over a 10% stake, we've seen a number of these filings coming through. they filed in september saying they'd reduce their stake by a million shares. but today a lot of these filings come across the tape, they are showing that -- putting some pressure on the tape. >>> you can rent to own a couch. you can rent to own a car. you can rent to own a house. i wonder how far. you can fix your credit rating at the same time. if that weren't enough, c
remember this morning john boehner came out and he said some fairly friendly things regarding negotiating the fiscal cliff. if the democrats say some of those things, too, this market is in a position now where it needs to be convinced by lawmakers that there's nothing to fear. they're far from that right now. that could happen. i just don't think it is going to any time in the next couple weeks. that's why i think 2.5 seems reasonable target. >> jim, thank you. jim iourio. >>>...